MEC Resources (ASX: MMR) advises that media reports regarding...

MEC Resources (ASX: MMR) advises that media reports regarding the timing of a small-scale
geophysical site survey in PEP 11 as taking place between October 2009 and September 2010 are
inaccurate.
MMR’s investee Advent Energy (“Advent”) is progressing plans to drill in PEP 11, offshore Sydney
Basin, following the lodging of necessary applications for environmental approval.
Advent has made two separate submissions to the Department of Environment and Water,
Heritage and the Arts to carry out a small-scale geophysical site survey in PEP 11 and for approval
to drill one exploration well in the permit.
The survey will take place following the receipt of the required approvals.
The survey will cover two areas of 12 square kilometres each within the potential drilling area to
acquire further geophysical information for potential future exploration drilling. The timing of the
survey is dependent on vessel availability and will take place over about four days at each location.
Following the completion of the survey, the well would be drilled vertically to a depth of 2500m and
wireline logs will be run to determine the presence of any hydrocarbons, and is expected to take 30
days to drill.
Bounty Oil and Gas currently holds a 75% interest in PEP11. Advent Energy holds a 25% working
interest through its wholly owned subsidiary, Asset Energy, and has the right to earn an 85%
interest from Bounty Oil and Gas.
Yours faithfully,